KSH: Agricultural producer prices up 2.4% in May, y-o-y

Food

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Hungary’s agricultural producer prices were up by 2.4% in May compared to the same period a year earlier, according to a report published today by Hungary’s Central Statistical Office (KSH). The increase was driven by a 5.4% rise in the prices of crop products, while the price of live animals and animal products dropped 2.9%, KSH reported.

Cereals and corn prices rose by 4.6% and 18% respectively, and the price of wheat fell by 14% in May, compared to the same month a year earlier, resulting in costs of 42.6 forints per kilo for wheat and 45.6 forints per kilo for maize, said KSH.

The prices of vegetables were up by 9.2%, while those of fruits decreased by 9.6% in year-on-year terms, the report continued.

The producer price of animal products fell by 6.7%, while that of live animals decreased by 1.2% in year-on-year terms, according to KSH. The price of milk decreased by 11% and the procurement price fell by 11 forints in May, compared to the same month last year, KSH said.

For the period of January-May, agricultural producer prices were up by 1.5%, the prices of crop products increased by 5.3%, and the prices of live animal and animal products were reduced by 5.2%, KSH said.

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